Basic Information & Regulators of Fortrade
Fortrade is an online forex market trading service provider founded in 2013 and currently holds a full license from the Australian Securities and Investments Commission, a full license from the UK Financial Conduct Authority, a full license from the Cyprus Securities and Exchange Commission, a full license from the Investment Industry Regulatory Organization of Canada, and a retail forex license from the National Bank of Belarus.
Market Instruments of Fortrade
Fortrade provides investors with a range selection of tradable financial instruments, including more than 300 foreign currency, stock index, securities, oil, and precious metals CFD products.
Minimum Deposit of Fortrade
Fortrade offers a single account, where the specific trading conditions vary depending on assets and trading size. The minimum deposit recomended is $500, though traders can deposit as little as $100.
Leverage of Fortrade
Leverage is up to 1:200 for forex products, 1:20, 1:25, 1:50 for stock indices, 1:10 for EU securities, 1:50 for CFDs on agricultural commodities, 1:100 for gold and silver, 1:33 for corn, cotton, and soybeans.
Spreads & Commission Fees of Fortrade
The average spread for EURUSD is 2 pips, and the average spread for USDGBP is 3 pips. Indices spread: Canada 60 average spread is 1 pip, US 2000 average spread is 0.6, US 500 average spread is 0.6. The gold average spread is $0.45, and the silver average spread is $0.04.
Trading Platform Applied
Fortrade offers its users a market-leading and powerful MT4 trading platform, including the mobile MT4, web MT4, and desktop MT4.
Deposit & Withdrawal ofFortrade
Deposits can be made via wire transfer, bank transfer, Skrill, NETELLER, etc. The minimum deposit amount is 500 USD/EUR/FAF, and funds deposited via wire transfer will reach the user account within seven working days. Withdrawals by bank wire transfer can take up to 5 business days for the funds to arrive, and withdrawals by credit/debit card can sometimes take up to 15 business days for the funds to arrive.
